4,734 Shares in Citigroup Inc. (NYSE:C) Bought by Accel Wealth Management

Accel Wealth Management purchased a new stake in Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,734 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Founders Capital Management increased its stake in shares of Citigroup by 12.5% during the 4th quarter. Founders Capital Management now owns 1,800 shares of the company’s stock worth $93,000 after purchasing an additional 200 shares during the last quarter. Cowa LLC boosted its holdings in shares of Citigroup by 3.1% during the 4th quarter. Cowa LLC now owns 6,600 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the period. Summit Financial LLC boosted its holdings in shares of Citigroup by 3.6% during the 3rd quarter. Summit Financial LLC now owns 7,046 shares of the company’s stock worth $290,000 after buying an additional 242 shares during the period. Baystate Wealth Management LLC boosted its holdings in shares of Citigroup by 17.8% during the 2nd quarter. Baystate Wealth Management LLC now owns 1,643 shares of the company’s stock worth $76,000 after buying an additional 248 shares during the period. Finally, My Legacy Advisors LLC boosted its holdings in shares of Citigroup by 3.3% during the 3rd quarter. My Legacy Advisors LLC now owns 7,873 shares of the company’s stock worth $315,000 after buying an additional 254 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Piper Sandler raised shares of Citigroup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $56.00 to $63.00 in a report on Wednesday, February 14th. Barclays boosted their price objective on shares of Citigroup from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. The Goldman Sachs Group raised shares of Citigroup from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $55.00 to $68.00 in a report on Thursday, March 14th. Wolfe Research raised shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, January 3rd. Finally, Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $59.56.

Citigroup Stock Up 0.8 %

NYSE C traded up $0.49 on Thursday, hitting $63.24. 19,000,791 shares of the company were exchanged, compared to its average volume of 17,437,029. The company has a market cap of $121.12 billion, a PE ratio of 15.85, a PEG ratio of 1.72 and a beta of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.37. The stock has a fifty day moving average of $56.06 and a 200-day moving average of $48.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52.

Citigroup (NYSE:C) last issued its earnings results on Friday, January 12th. The company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($1.89). The company had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, analysts forecast that Citigroup Inc. will post 5.83 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 53.13%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.